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The Mega Gap System
Updated:
02.06.07Views:
Description:
This is a gap down buying system that applies to the current members of the NDX index.The system looks at days where the overall index as represented by the QQQQ tracking stock is gapping down by a volatility adjusted amount, and buy's the members of the index that are gapping down by an even larger but also volatility adjusted amount.
BUY Stock XYZ: If QQQQ is gapping down more than the value of VIX / 100% (so if VIX is 20 then QQQQ has to gap down more than 0.2%) AND if stock XYZ is gapping down more than the greater of 2% or VIX / 10% (so right now a stock would have to be gapping down more than 2%).
SELL: at the close.
To the left are some of the stocks that have worked very well in the system.
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